Yum China may fall to 29.50 - 30.90

38.6 is our pivot point.

Our preference

The downside prevails as long as 38.6 is resistance.

Alternative scenario

The upside breakout of 38.6 would call for 41 and 42.5.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 38.0525 and 38.5284). Finally, Yum China is trading below its lower daily Bollinger band (standing at 35.57).

Supports and resistances

42.5 **

41 *

38.6 **

37.6

35.39 (USD-last)

32.3

30.9 **

29.5 *

28 **

Number of asterisks represents the strength of support and resistance levels.